The Trader

Stocks Slip on Euro Bank Jitters, Profit-Taking

Stocks backtracked almost 1% last week in quiet trading, mainly on profit-taking and short-lived jitters caused by reports that a relatively small European banking firm missed debt payments. For a few moments last Thursday, it looked like a Greek banking crisis redux.

Riskier small caps took the brunt of the beatdown, suggesting the return of the "risk off" trade. But the drop likely had more to do with...